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  • FIRST POST
    • moneymanager
    • By moneymanager 28th Feb 12, 2:43 PM
    • 321Posts
    • 1,587Thanks
    moneymanager
    My Money Managing Ways.....
    • #1
    • 28th Feb 12, 2:43 PM
    My Money Managing Ways..... 28th Feb 12 at 2:43 PM
    Hello everyone,
    I am newish to the forum. I joined quite some time ago and have been popping in and out every now and again. But recently I have needed this forum more so than ever before. And the only way I will ever succeed in dealing with my debts is to keep a diary. So here it is…..

    I think it is best of to start with a little bit of my background. I have been married to my lovely DH for nearly 6.5 years and we have no children but we do have a very spoilt rotten little Yorkshire Terrier. I met DH nearly 10 years ago (where do the years go?) and he has always been against being in debt. When I had met him he paid off any credit cards I had and made me promise that I will never have them again. That was all ok until 2-3years ago.

    My DH worked on in the building trade and we all know how that went. DH was made redundant in April2009 and when I say redundant….there was no redundancy money but that is another story. We did not do too badly that year living on one salary. I had just finished paying off my car which was £200 per month, DH was entitled to contribution based job seekers allowance for 6 months and he was also entitled to his remaining holiday pay from the construction industry. In April 2010, he was fortunate to get some gardening work which he still does now from March through to November. But in the meantime, I managed to go into the overdraft and use a credit card to see us through the winter months.

    DH has just returned to work today and after having my LBM at the end of January 2012, our goal this year is to clear the overdraft as that is costing us £1 a day and to save £3150 which we will live on during the winter months and for Christmas presents, dinners etc. We also want to clear the smaller debts like my mum, dentist and opticians and the rest we can handle until we can deal with them. In total our debt without mortgage included is £6,574.92 and I know it is not as much as some people but it is freaking me and DH out so something has to bedone. Every winter I am always stressed out because we have no money and we end robbing peter to pay paul. I vow that it will not be like this for us next winter so that’s why we need the savings. I am also on the waiting list for IVF and I could be going through treatment next winter and stress is just something I do not need to handle during it.

    I have done my SOA but I need to check my spreadsheets at home to see if I have included everything. I have listed estimates for my yearly bills too but was not sure if I should add them to my SOA as monthly outgoings. Also DH’s salary is very unpredictable as his work is weather depending so the figure in my SOA is based on the amount I have budgeted for the winter months. I have just recently transferred my cc balance from an M&S card to Barclay's card with 0% interest for 24 months so I have made quite a bit of savings there too.

    GOALS
    · To pay off overdraft by 30 June 2012 @ £50 per week
    · To pay off dental bill by 5th March 2012
    · To pay off opticians by
    · To pay mum by
    · List renewal dates of all bills
    · Shop around for best deals
    · Save £900 forChristmas
    · Save £2250 for winter
    · Continue with challenges
    · Save pension towards winter savings @ £47.85 per week – target £1,914 by end of Nov 12

    CHALLENGES
    VSP – Target £2,000
    SP – Target £100
    £2 Savers – Target £100
    £366 Challenge – for January sales
    Crazy Clothes Challenge: Me-£100 | DH-£100
    PAD – starting with overdraft
    Last edited by moneymanager; 02-03-2012 at 11:30 AM.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
Page 6
    • moneymanager
    • By moneymanager 14th Sep 17, 2:58 PM
    • 321 Posts
    • 1,587 Thanks
    moneymanager
    I also managed to ring my mortgage co yesterday and got the transfer to the new deal of 1.59% and no product fee. I didn't bother with reducing my term as I could only take it down by 5-6 months and just opt to pay overpayments if I can afford it. I just think I have other important things to pay at the moment and maybe I can put that £20 I have saving each month with the new deal to an Emergency Fund which I think is so high priority.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 18th Sep 17, 4:37 PM
    • 321 Posts
    • 1,587 Thanks
    moneymanager
    Bank has been balanced and vets has been paid. And I also managed to list four items on Ebay which I don't think will sell but got to try. My pet peeve is listing on Ebay or maybe just taking the photos annoys me. I hope I do get some sales as hoping it would be a bit of motivation to list some more.

    I haven't done any surveys for a while as I have been busy in work and also busy at home finishing up crochet pieces. I am also starting into Christmas presents crochet this week so it's a bit hectic.

    Unfortunately no extra payments to cc but I manged to take £45 off the £115 I owe mum with all the stuff I did for her for my cousins wedding and that is only for materials. I also need to give her £13 this weekend for some things she paid for at the weekend but don't what to add that to my total.

    I hope to get to do a running total of all debt paid this month and what percentage I am at.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • Hiddenidenity
    • By Hiddenidenity 18th Sep 17, 5:11 PM
    • 4,230 Posts
    • 26,404 Thanks
    Hiddenidenity
    Well done on getting the vet paid that must be a huge relief! x
    • Purplemumof2
    • By Purplemumof2 18th Sep 17, 8:40 PM
    • 5,259 Posts
    • 18,449 Thanks
    Purplemumof2
    Yay to the vets bill being paid.

    Good luck with the eBay sales.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7000.00 Cap 1: £493.40 BC: £5000.00

    AFD 0/10 NSD 0/10 LTW 0/10

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • moneymanager
    • By moneymanager 19th Sep 17, 2:53 PM
    • 321 Posts
    • 1,587 Thanks
    moneymanager
    Just back into the office this afternoon after being off out doing interviews.

    Our internet stopped working last night so need to get that sorted. Says something about having to sign into the network which keeps failing. It also reminded me that I agreed to pay p&p for a new router when I was setting up the new deal but haven't received it yet and just checked that I don't seem to have paid the p&p. Need to follow this up.

    I have no watchers on Ebay so can't see my items selling.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 6th Nov 17, 3:44 PM
    • 321 Posts
    • 1,587 Thanks
    moneymanager
    November 2017
    Wow, it's been well over a month since I posted here.

    Although I haven't been around much of late I have been on reading posts now and again. I haven't been very strict with myself in terms of spending but also haven't gone crazy like spending on the credit card which is a bonus.
    • Claim £25 Health Care Voucher for pet insurance Done & going into todays post
    • Cancel Lloyds Credit Card
    • Cancel Tesco Credit Card
    • Research better Life Insurance to include termal, critical & income protection
    • Look in health club for pups
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • Hiddenidenity
    • By Hiddenidenity 6th Nov 17, 4:04 PM
    • 4,230 Posts
    • 26,404 Thanks
    Hiddenidenity
    Lovely to see you back, hope you're well x
    • moneymanager
    • By moneymanager 6th Nov 17, 5:04 PM
    • 321 Posts
    • 1,587 Thanks
    moneymanager
    Debt Update
    Credit Card
    Since I made the manual payment of £100 back in August in case the DD was set up in time, it has cause a few problems. The refund shows as a purchase which also shows interest and today was the third time I have rang about this but hoping that it is all sorted now as the girl seemed really helpful this time. Also this month’s payment seems to have been spilt towards the special offer amount and the intro amount but still left the balance transfer amount of 27p! My payment should have gone off the amounts that have the higher interest rate. The special offer is due to expire in June 2018 and it should have been paid first. Anyway, I hope today’s call has it all sorted now.
    I haven’t made any additional payments to the credit card like I had planned. Still just the £100 per month which is more than the 1% minimum payment.

    Catalogue
    I have paid this out!
    But….I am in desperate need of some new bedding. Duvet, pillows etc. and I might have to order it from here. I do have a 20% off discount code to use before 12th Nov.

    Mum
    Still haven’t look into this. It will not be very much that I will take off it for the materials for the crochet items but she is also looking some new Christmas tree lights worth £40 and was hoping to get her them as I am also going to order them for my tree too. Then I will just give her some money each week after that.

    Credit Union
    I am not sure of the balance as of today. I think the last time I rang up about it, it was £275.75. I have made two payments since this so I reckon it will be below £40 now. I will ring them in the morning.
    I plan on lowering the monthly payment from £130 to maybe £50. I will have an extra £80 to play with for a short time so have to think what I can pay off with that. I will be taking out another loan which I had originally planned on getting slide robes for my bedroom and to do up the ensuite but I would really like to do some treatment but need to talk this through with DH more first.

    Car Loan – ending March 2020
    I am half way through this payment.

    Mortgage
    I got a new deal with my mortgage. Instead of trying to reduce the term, I will just use the savings each month for something else. I saved about £25 per month for the fixed term.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
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